Most Affordable Housing Market No. 1: Chicago

With the median home priced at $160,000 and the average annual salary coming in at $72,400, on average, a home in Chicago is only 2.2 times the average annual paycheck, the lowest of any market in the U.S. This two-bedroom, three-bath house is priced below the median, at $135,000, but it's a tight 835 square feet.